Welcome back - charts are prepped and ready for Thursday…
We’ve been trading inside narrow ranges for most of the week, but I'm seeing lots of “rotational” clues this afternoon that suggest a breakout might be right around the corner…
Breakou…
Welcome back - charts are prepped and ready for Thursday…
We’ve been trading inside narrow ranges for most of the week, but I'm seeing lots of “rotational” clues this afternoon that suggest a breakout might be right around the corner…
Breakouts are tricky because most of them fail, no matter how convincing they look at first. The key is waiting for the proper “proof” in momentum…
When you get the proof, you take the breakout. But when you don’t, you look for the 'fake-out breakout' instead. It’s easier than it sounds, let me show you…
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and optio..
